Scott Cars, INC
$1,918,500 PPP Loan in Allentown, Pennsylvania
Loan Details
- Loan Number
- 8238127100
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,918,500
- Current Approval
- $1,918,500
- Forgiveness Amount
- $1,940,261
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Scott Cars, INC
- Address
- 3333 Lehigh St
- City
- Allentown
- State
- Pennsylvania
- ZIP Code
- 18103
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Retail Trade (441110)
- Franchise
- General Motors, LLC (chevrolet, Buick, Gm, Cadillac) Dealer Sales and Service Agreement
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 165
- Estimated Revenue
- $41.6M
- Rural/Urban
- Urban
- Congressional District
- PA-07
Loan Use Breakdown
- Payroll
- $1,460,500
- Rent
- $246,000
- Utilities
- $40,000
- Health Care
- $160,000
- Debt Interest
- $12,000
Lender Information
- Servicing Lender
- Manufacturers and Traders Trust Company
- Originating Lender
- Manufacturers and Traders Trust Company
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